REI Lense

REI Lense

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$2,920 (target)

8 Flanders St, Johnston, RI 02919

3 beds • 2 baths • 1709 sqft

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This property looks like a bad Long-Term investment with a projected -9.25% first-year return on $96,516 initial cash invested.

-9.25%

Cash On Cash

4.64%

Cap Rate

0.75

DSCR

$2,920

Rent

-$744

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,920 income − $3,664 expenses = $744 out of pocket

Income$2,920Out of Pocket$744Mortgage P&I$2,37581%Property Taxes$41414%Insurance$1164%Management$29210%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,516

Downpayment

20%

$91,920

Closing costs

1%

$4,596

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,920

Total Expenses

$3,664

Mortgage P&I

81%

$2,375

Property Taxes

14%

$414

Home Insurance

4%

$116

HOA

0%

$0

Property Management

10%

$292

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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